New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-08-30

sophistry deceive tho discerning In the seven
months ended July 81, 1885, tho foreign movement Of
merchandise into and out Of the United States resulted
in excess of exports Of $751; eo1569 Tho gold and
silver OF the same period resulted in an excess
OF exports Of giving OF exports
In that seven months Of $62 In the following
ve months to December 81 1885, the net imports Of
gold amounted to $12,500.O00. In the seven months
ended July 81. 1886. the movement OF merchandise
suited In an excess of imports OF s24 and tho gold
and silver movement resulted in an export Of
Sal 292 $50. giving net excess OF exports
In the following five months to December 81 the net
imports OF gold amounted to $35. 100000, only
81, 1927 1872 In August and "a, 6S6,249 In September
For the months ended July 81 last the merchan
disc movement resulted in excess OF imports OF
$34 ,200477, and the gold and silver move
ment in Of exports of $48609o7, giving net
excess OF imports Of 500 339570 Compared with 1885
the net balance of the last months is
$91 0000 600 against the country and compared with
1886 1t is $66 100000 against the country Now from
July to August 81, 1885, the net exports OF gold
amounted to 100000 In the two months Of 1885
the imports amounted to 81 000 and from July
this year. including the 600 arrived to-day
the net Imports amount to $62ooOoo Thus
foreign change market has been supplied as 1t
usually has been with bills drawn against future ship
mens Of cotton. Now there Is only to account
for the effect of the changed conditions. With adebit
balance of against the country for the last
months against credit balance Of $37,45s.426
for the months OF 1856. the importation OF
gold begins earlier and is larger in amount before bill,
Of exchange is drawn against the crop OF cotton
To say that there has been large absorption Of
American securities 10 saying that the Government re-
ports OF imports and exports only incorrect but
that they made with q purpose TO deceive.
Five more railroads to-day reported
their earnings Tor the third week OF
August, giving an aggregate Of $2357l3, against
per The report OF the Lake Shore and Michigan
sonthern Company the NewYork State Commissioners
OF its business for the quarter ended June 80 make the
surplus the ak months about $1,000 less than
the estimate published June 30. bat shows earned
the stock 30 per cent against which only per cent
paid out for a dividend.
The stock market to-day opened strong and was fairly
active for rhe first half hour But when dulness fol.
lowed there renewal or the hammering process and
prices yielded. Without the circulation OF any ruDors
touching individual credits. special efforts were
directed against the Northern Pacific and Ore
stock the final changes OF these stocks were as
follows: Northern Pacific common a higher ana pre-
ferted l2 lower, and Oregon and TransconneDtai u
higher The temper feverish and Unsettled far as
making contracts concerned and the loan
market indicated that there had been little liquidation
they had shook low prices and else
had gathered the fruit spasmodc effort was made to
bid the for butat was not successful be-
yond ) n per cent. Late in the afternoon the market
again active and with 1t recovery In prices Tor
all the substantial stocks London buyer at the end
and the market closed strong.
Government bonds were dull and the bids were q
higher the As AMI 4i2s An unusual business was
in the currency 6s at full figures Annexed are the
closing quotations: